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Kalshi launches XRP perpetual futures trading as U.S. crypto derivatives expand

Prediction market Kalshi has started trading XRP perpetual futures contracts, expanding its so-called American Perpetuals offering for U.S. traders. The launch follows a shift in the U.S. regulatory environment after the Commodity Futures Trading Commission allowed Kalshi to offer its first bitcoin-linked perpetual futures product. Kalshi submitted derivatives tied to 12 major altcoins, including ether, solana, dogecoin and XRP. Trading volume on its crypto perpetuals platform reached $100 million within 24 hours of launch.